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FINANCIAL NEWS
Kuwait’s Kipco launches $500m bond issue
09 Jul 2010
(MENAFN) Kuwait Projects Company (Kipco) has launched a $500 million bond issue with a 10-year tenor, Reuters reported.
Earlier, lead arrangers told Reuters that KIPCO is considering a benchmark-sized bond issue with a 10-year tenor, making it the first offering from a Kuwaiti corporate this year.
Kipco is Kuwait’s largest investment company and its core investments are in financial services, with stakes in Burgan Bank and Bahrain based United Gulf Bank.
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